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Cotendo, which specializes in cloud-based acceleration technologies, this morning announced that it has raised $17 million in funding from strategic partners Citrix and Juniper Networks (through its Junos Innovation Fund) and previous backers Sequoia, Benchmark and Tenaya Capital.

The company says the proceeds will be used to support its growth (particularly in Asia-Pacific and Latin America) and ramp up delivery of dynamic content for mobile and web applications.

Founded in 2008, Cotendo also has strategic partnerships in place with AT&T and Google.

Here’s how Citrix pitches its investment in the company:

“The synergy between the services and technologies of Citrix Systems and Cotendo blend on-premise physical and virtual appliances, content acceleration and cloud services that will accelerate and optimize delivery from the end user all the way to the enterprise over distributed networks, thereby improving end user experience from any location to any device.”

In addition, Cotendo this morning announced the launch of its Mobile Acceleration Suite, which it says will extend its web acceleration services to speed up delivery of mobile websites and applications. Cotendo is headquartered in Silicon Valley with R&D based in Israel.

OverviewJuniper Networks is a news network that designs, develops, and sells products and services, which together provide its customers with network infrastructure. Its aim is to create innovative products and solutions that meet the growing demands of the connected world. The company has 9,000 employees in 70 countries and nearly 5 billion U.S. dollars in revenue. Its customers include the top 100 global …